[Chart courtesy of MarketWatch.com] The stock market opened on a positive note but soon fluctuated around their respective unchanged lines, as traders focused on earnings reports and the Federal Reserve’s policy meeting. By the end of the session, only the Dow managed to close in positive territory, while the S&P 500 and Nasdaq ended in the red. Interestingly, despite the …
Tech Giants’ Earnings And Fed Meeting Keep Markets On Edge
[Chart courtesy of MarketWatch.com] With a busy week of earnings ahead, the major indexes began the session on a positive note. However, after much fluctuation, they ended nearly unchanged. The tech sector is poised for significant movement as industry giants like Microsoft, Meta, Amazon, and Apple are set to report their earnings in the coming days. Additionally, the Federal Reserve …
Surprising GDP Report Shakes Market Expectations
[Chart courtesy of MarketWatch.com] The rotation out of technology stocks continued early today, with the Nasdaq experiencing another drop, albeit more moderate than before. The indexes initially found some stability and rallied, but ultimately lost momentum by the close. The Nasdaq lagged, while Small Caps rallied, the S&P 500 sold off again, and only the Dow managed to eke out …
Mega-Cap Stocks Suffer Largest Daily Loss Since October 2022
[Chart courtesy of MarketWatch.com] The word of the day was “underwhelming,” as disappointing earnings from Alphabet and Tesla dragged the Nasdaq down by approximately 3.5%, while the S&P 500 slipped by 2.3%. Alphabet’s shares fell by 5%, and Tesla’s stock proved even more volatile, plummeting 11% due to weaker-than-expected results. Major players like Nvidia, Meta, and Microsoft also suffered, with …
Bears Prevail As Major Indexes Dip Despite Earnings Anticipation
[Chart courtesy of MarketWatch.com] The major indexes maintained yesterday’s upward momentum as we entered today’s session, buoyed by the anticipation of earnings reports from larger companies. However, by the end of the day, the bears prevailed, causing a slight dip into the red. Upcoming earnings reports from tech giants like Alphabet and Tesla are highly anticipated, offering traders an early …
Tech Sector Rebounds, Lifts Major Indexes
[Chart courtesy of MarketWatch.com] This morning, the tech sector regained some footing after a recent decline, helping to lift the major indexes. Nvidia led the charge with a 4% gain, recovering some of its losses from last week, followed by Meta, Alphabet, and Apple. Traders are navigating a complex landscape, with factors ranging from Biden’s withdrawal to earnings reports, and …